Pits Go Dark in Kansas City as Storied Wheat Exchange Closes

By

Jacob Bunge

June 28, 2013 8:22 p.m. ET

After spending much of the past four decades shouting at his colleagues and communicating with elaborate hand signals, David Gibson is going digital.

Starting Monday, Mr. Gibson and about a dozen other traders and brokers will swap the open-outcry pits of the Kansas City Board of Trade for suburban offices about five miles west, where they will trade futures and options contracts from computers at their desks.